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Hancock backs Lake raising

ROB Annells is trapped between a rock and a hard place: he needs cash $3 million to keep the company alive, but a ban on drilling means Lakes Oil's most promising Victorian projects are in limbo, but fortunately Lakes has some true believers on its share register.

Haydn Black
Hancock backs Lake raising

Despite the lack of action, or likely action any time soon, Gina Rinehart's Hancock Prospecting is pumping another $2.12 million into Lakes as part of a $11.3 million convertible note offering to retail...

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